World Security Report News2016-03-14 11:49:26

Drone market spawns anti-drone market

A new report from Marketsandmarkets says that the anti-drone market could be worth 1.14 billion USD by 2022 and is expected to grow at a CAGR of 23.89% between 2017 and 2022. Ironically and perhaps not so surprisingly, it is the drone market itself that is spawning the growth of the anti-drone market, as it is cited by the analysts to be driven by factors such as increased security breach incidences by unidentified drones and increased terrorism and illicit activities.

The electronics system market is expected to grow at the highest CAGR between 2017 and 2022. The huge investment from key players in electronics system-based anti-drone system, low cost of development, and easily understandable technology are the key drivers for this growth.

The military and defense segment is expected to hold the major share of market in 2016. The use of drones for border trespassing and smuggling has increased, resulting into border security concern, and is a key driver for the anti-drone market in military and defense segment. The military and defense market is expected to grow between 2017 and 2022.

North America is expected to capture largest market share in 2016. The APAC market is expected to grow at the highest CAGR in the anti-drone market. Many of the countries considered under APAC region are developing countries, wherein, the number of commercial places such as public venues, critical infrastructures, and private properties is increasing and the public security at such commercial places is a key driver for the APAC market.

The key players in the anti-drone market are listed within the report as being the Boeing Company (US), Airbus Group SE (Netherlands), Saab AB (Sweden), Blighter Surveillance Systems (UK), and Lockheed Martin Corporation (US)